SOURCE: Orchard First Source Capital, Inc.

November 09, 2006 08:00 ET

Orchard First Source Capital Appoints New Managing Director

David Quon to Expand Middle Market Leveraged Finance Origination

CHICAGO, IL -- (MARKET WIRE) -- November 9, 2006 -- Orchard First Source Capital, Inc. ("OFS"), a leading provider of capital to middle market companies in the U.S., announced the appointment of David C. Quon as Managing Director and OFS Credit Committee Member. In this newly created position, Mr. Quon will be responsible for leading and expanding the direct middle market lending activities of OFS.

With over 20 years of corporate finance experience, Mr. Quon, 49, was most recently Managing Director and Principal of DN Partners LLC, a Chicago-based private equity and investment banking firm. Mr. Quon has also held various leadership positions with CIBC World Markets, including Managing Director and Chicago Midwest Corporate Finance Manager (Leveraged Finance and Investment Banking) and a founding member of CIBC's West Coast leveraged buyout finance group. He also has held Senior Vice President positions with Congress Financial Corporation and Bank of America.

Rob Martin, Chief Operating Officer of OFS, stated, "We are pleased to have David join our senior management team. His appointment is an important step in our commitment to executing a growth strategy focused on expanding our direct middle market leveraged finance origination business. David's extensive experience with private equity firms and middle market companies will be invaluable in being able to understand and meet their financing needs. OFS prides itself on being an entrepreneurial lender focused on the needs of owner/operators and equity sponsors who need reliable, common sense based lending solutions."

David Quon added, "I am excited to join the OFS team to grow its middle market leveraged finance business. I have been impressed with OFS's long history and experience with middle market leveraged finance along with its capital strength. In addition, OFS's creative and entrepreneurial environment will enhance my ability to successfully serve private equity firms and middle market companies with leveraged finance solutions."

About Orchard First Source Capital, Inc. -- With over $1.2 billion assets under management, Orchard First Source Capital, Inc. ("OFS") is a Chicago-based leading investment asset manager of middle market commercial loans. Since its founding in 1995, OFS has originated, structured and managed over 560 middle market commercial loan transactions aggregating in excess of $6.0 billion for private equity and middle market companies. OFS has offices based in Chicago, New York and Los Angeles and has a team of 36 employees. For more information, please visit the OFS website www.ofscapital.com.

Contact Information

  • Contact:
    Robert E. Martin
    Chief Operating Officer
    (847)734-2040
    or Email Contact